Nirmal Bang's video: Stocks In News On 15th February 2021

BHARTI AIRTEL A meeting of BOD is scheduled to be held on Feb 17, 2021 to discuss the future strategic plans and reorganization of shareholding framework of subsidiary company (ies) which may result in consolidation/ acquisition of shares of subsidiary company (ies), the consideration of which may be discharged through issuance of equity shares of the Company on a preferential basis and/ or cash Prakash Industries Ministry of Road Transport & Highways has notified that "it has been decided to allow steel produced from ore/billets/pellet/melting of scrap" for government-funded road, flyover and highway projects Godrej Industries BoD has granted approval for engaging in financial services business To pursue the opportunity in housing finance business, Board has approved the proposal of acquiring shares of Godrej Housing Finance -- which recently obtained a license to operate as a HFC from Anamudi Will pursue non-retail lending opportunities through another subsidiary i.e., Ensemble Holdings and Finance, a non-banking finance company Board has approved acquiring 95% stake in GHFL through a subsidiary of the company, i.e., Pyxis, Further, Pyxis will also acquire shares of EHFL Also approved increase in borrowing powers of the company from Rs 2,000 crore to Rs 4,500 cr PNC Infratech PNC Gomti Highways, a wholly-owned subsidiary of the company, has received communication from National Highways Authority of India confirming the achievement of Financial Closure for a highway project in Uttar Pradesh The bid project cost is Rs 1,530 crore and the construction period is 730 days Havells India Planning to set-up a new facility to manufacture washing machines in Ghiloth in Rajasthan, estimated investment of Rs 65 cr and an annual capacity of 3 lakh units Also planning to set-up a new facility to manufacture air conditioners at Sri City in Andhra Pradesh with an estimated investment of Rs 250 crore and an annual capacity of 5.6 lakh units New capacity is proposed to be added within the next 12-18 months Will be funded through internal accruals and term loans ONGC Board approves formation of a new wholly-owned subsidiary to focus on the Gas & LNG business value chain Approved acquisition of 5% stake in Indian Gas Exchange as a strategic investment Amara Raja Batteries To set up 50 MW solar power plant in Chittoor District of Andhra Pradesh for a total outlay of Rs 220 crore This will further reduce the cost of power and simultaneously bring down the company's carbon footprint To also set up a greenfield lead recycling unit with a capacity of 1 lakh tonnes Total capital outlay for the project is expected to be Rs 280 crore to be spent over the next 18 months Sterling & Wilson Solar Signs order worth $127.5 million (Rs 930 crore) in the Kom Ombo region of Egypt Order received from Saudi Arabia's leading renewable energy company and is scheduled to be commissioned by the first quarter of 2022 Finolex Cables Has approved launch of Conduit Pipe and Accessories for construction Industry These products will be manufactured at the company's newly set up plant at its Goa facility Info Edge (India) Has entered into an agreement through its wholly-owned subsidiary, to invest about Rs 9 crore, in 4B Networks The company will acquire 1,747 Compulsorily Convertible Preference Shares of 4B Networks The aggregate shareholding of the company, post this investment, in the said entity would be 12.3% on a fully converted & diluted basis Varroc Engineering Executed a sale deed on February 11, 2021, effecting the sale of the company’s land & building admeasuring 28,327 square meters situated in Pune, for a consideration of Rs 36 cr NHPC Has raised Rs 1,500 crore through private placement of secured non-convertible 6.86% NHPC AC Series Bonds Power Grid Corporation of India Has approved acquisition of 74% shareholding of the JV Partner i.e. Jaiprakash Power Ventures in Jaypee POWERGRID (a Joint Venture Company of Power Grid and Jaiprakash Power Ventures) Kalpataru Power Board withdraws proposal for capital expenditure for construction of the company's corporate office CDSL Becomes first depository to open 3 crore plus active demat accounts Here are our social media handles. Request you to follow us and stay connected for more updates: LinkedIn: https://www.linkedin.com/company/nirmal-bang/ Facebook: https://www.facebook.com/nirmalbang/ Instagram: https://www.instagram.com/nirmalbanggroup/ Twitter: https://twitter.com/NirmalBang Visit our website on: https://www.nirmalbang.com/ View more videos on: https://www.nirmalbang.com/static/support-videos.aspx Disclaimers & Disclosure: https://www.nirmalbang.com/disclaimer.aspx https://www.nirmalbang.com/disclosure.aspx